Consider the following statements:
I. If the beneficiary of a cheque has lostthe cheque, he can instruct the payingbank to stop payment of the chequewithout waiting for the accountholder's instruments.
II. While outsourcing, the onlyconsideration should be cost savings
Which of the statements given above is/arecorrect?



[ A ]    Only I
[ B ]    Only II
[ C ]    Both I and II
[ D ]    Neither I nor II right
[ E ]    Either I or II
Answer : Option D
Explanation :
500
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